Bal Harbour Luxury Waterfront Condominiums are Selling Fast

December 11, 2012

Bal Harbour has been and still is one of the most exclusive and beautiful areas in Miami to live. Residents enjoy high-end shopping, fine dining and a beautiful, pristine beach.

Luxury oceanfront condo sales have reached an all-time high in Miami, and Bal Harbour is no exception. St. Regis Bal Harbour condo sales have topped seven hundred and fifty eight million this year. Since launching sales earlier in 2012, the property has sold more than 200 units, with an average sales price of one thousand four hundred and fifty dollars per square foot. St. Regis Bal Harbour was part of a bulk condo deal in July of 2012 with five combined units selling for twent four million, six hunderd thousand dollars.

For those of you who are fans of the Bravo series “The Real Housewives of New York,” a penthouse at the Majestic Tower condominium in Bal Harbour recently sold for four million nine hundred thousand. The condo was owned by George Teichner, the father of “Real Housewives “ personality Aviva Drescher.

Teichner paid nine hundred and twenty seven thousand in 1999 for the four bedroom, four-bath luxury condo, located at 9601 Collins Avenue. The increase in sales and prices of luxury waterfront condominiums has affected all luxury condominiums from Palm Beach to Miami Beach this year.  

A Few Noteworthy Luxury Oceanfront Condominium Towers Located in Bal Harbour

1. St. Regis Bal Harbour
2. Majestic Tower
3. Bellini
4. One Bal Harbour